Climate Change Data

Environmental Metrics

ESG Focus Areas

• Diversity, Equity, and Inclusion
• Journalistic Integrity
• Environmental Management

Environmental Achievements

• Transmitter technology enhancements resulting in 1/3 savings in electricity
• Installation of energy efficient lighting
• Installation of energy efficient HVAC systems and controls

Social Achievements

• 93% of survey respondents said they were proud to work at Cumulus (as of July 2021)
• Creation of a Diversity, Equity, and Inclusion (DEI) Steering Committee
• Joined CEO Action for Diversity & Inclusion and the National Association of Broadcasters (NAB) DEI Committee
• Intensive 28-day anti-racism program for Senior Leadership Team members
• Professionally facilitated training sessions for senior leadership and managers on race and allyship, and managing unconscious bias
• Virtual listening sessions with the CEO for BIPOC employees
• Company-wide DEI training rolled out in Q4 2021
• Over $25M in airtime dedicated to promote initiatives supporting the public interest, including partnerships through Project Shine

Governance Achievements

• Board takes an active role in overall strategy and risk management, including ESG matters
• Nominating and Governance Committee of the board has formal oversight for ESG matters
• Audit Committee oversees risk factors disclosed in the Annual Report on Form 10-K
• Ethics and Compliance Program with oversight from the Audit Committee, General Counsel, and CEO
• Compliance Hotline for anonymous reporting of concerns

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: SASB

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Diversity, Equity, and Inclusion (DEI)
• Environmental Management
• Information Technology/Cyber Security
• Ethical Conduct and Responsible Behavior

Environmental Achievements

• Reduced energy spending by nearly $3 million through energy efficiency initiatives, despite a 35.5% increase in electricity Producer Price Index.
• Achieved approximately 33% energy reduction in AM transmitters by installing MDCL control boards.
• Shifted much of the corporate workforce to a work-from-home approach, reducing energy usage associated with office space and commuting.

Social Achievements

• Engaged a DEI advisory firm.
• Doubled the number of DEI training workshops for management.
• Deployed DEI training vignettes to the entire workforce.
• 93% of employees reported being proud to work for Cumulus.
• Joined CEO Action for Diversity & Inclusion and the National Association of Broadcasters (NAB) DEI Committee.
• Set hiring and promotion goals for female and BIPOC employees (50% and 25%, respectively).

Governance Achievements

• Bolstered cybersecurity efforts by adding 24/7 monitored event-incident tools, new vulnerability management tools, and regular internal security audits.
• Implemented a robust ethics and compliance program, including a Code of Business Conduct and Ethics, Anti-Bribery Policy, and Employee Handbook.
• Established a Compliance Hotline for anonymous reporting of concerns.

Climate Goals & Targets

Environmental Challenges

• Potential climate-related risks (physical, regulatory, reputational)
• Data privacy and security breaches
• Maintaining high levels of employee engagement

Mitigation Strategies

• Corporate-wide energy consumption program to measure baseline and impact of energy reduction initiatives.
• Enhanced data protection and security measures (impersonation protections, domain monitoring, custom training).
• Frequent employee surveys and feedback mechanisms to monitor human capital progress and address concerns.

Supply Chain Management

Responsible Procurement

• Requesting vendor bids include renewable power generation options.

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters impacting technology systems and data

Transition Risks

• Potential future carbon disclosure and compliance requirements
• Carbon tax or regulatory incentives affecting energy costs

Reporting Standards

Frameworks Used: SASB, TCFD